From service downtime to sensitive data loss, audit issues, and noncompliance, risks in cloud environments are broad and threaten to have serious impacts on business performance and reputation. Add to that unaddressed stakeholder concerns about cloud risks, cloud transformation programs tend to bog down before enterprises realize the full potential value that cloud can deliver. The result: Top management and line of business leaders may deprioritize larger scale cloud investments. Security, risk, and compliance owners may place limits on what data is moved to the cloud. Employees and customers may not take advantage of all the cloud-based tools and services available to them.

KPMG surveyed more than 300 senior-level cloud practitioners in the 2023 KPMG Cloud Transformation survey. Learn how your organization can take full advantage of the promise of cloud technologies by making investments to manage cloud risks across the enterprise and the transformation journey. Read about the highlights below and download the full point of view for details, key drivers, and actions leaders can take related to these findings.

Question: Approximately how many times has your organization experienced a business-critical application outage, data loss, or has been identified by internal auditors, external auditors, or governement regulators in the public cloud over the past year?

Companies are moving more data and systems to public cloud and are increasing the sensitivity of the data involved.

Enterprises face new and legacy risks along the cloud migration journey.

Early, hands-on cloud management leads to fewer incidents, with small impacts, at lower costs.

Operating effectively in the cloud requires enterprises to strike a careful balance between business needs and risk and compliance goals. Learn more about what senior-level cloud practitioners are saying regarding designing and implementing a leading-edge cloud operating model, including governance and risk management through the end-to-end cloud journey in our report.

Insights in the 2023 KPMG Cloud Transformation Survey: Building trust in cloud environments report are based on responses to an online by KPMG and Enterprise Strategy Group in September-October 2022. Respondents include 302 information security, information technology, risk and compliance, technology, and internal audit professionals with high degree of knowledge about the people, processes, and technologies in place to secure their organizations’ cloud environments.